Actually, this will make Bush look good, he proposed a "fix" when he came into office, the Congress has not followed through. And from what I have heard, Greenspan clearly stated that the tax cuts were not the problem, in fact, he was talking about extending them. Bush needs to fire another shot over the bow to Congress and demand the extensions, as well as privatizing SS for younger earners.
But bottom line is that the taxcuts are FEDERAL taxes, social security is Payroll taxes. What does one have to do with the other?
Nothing, until they start robbing Peter to pay Paul.
People earning over $87k a year do not pay payroll taxes question is do they collect SS when they reach 65? Now that would not be fair.
Where did you get that idea? I hope you are not one of those that has fallen for the "rich don't pay taxes" line.
The top 1% of tax filers are also paying a much higher share than they used to: About 20 years ago they paid only 19% of all federal income taxes. By 1991, thanks to the progressive impact of the Reagan tax cuts, that share had climbed to 24.8%, and by 1999 it was above 36%. The story is the same for the merely filthy rich, the top 5% of filers, who paid 43.4% of all taxes in 1991 but by 1999 paid 55.5%.